Wizz Air finalises Airbus order
Low-cost airline Wizz Air has completed and signed documentation with Airbus which, amongst other things, provides for the purchase of 146 Airbus A320neo Family aircraft.
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This purchase will enable Wizz to deliver on its fleet replacement and expansion plans and to continue delivering strong growth for the next decade.
At current list prices, the order is valued at more than $17.2bn, although Airbus has granted significant discounts from list prices to Wizz Air, which will retain flexibility in determining the most favourable method of financing the aircraft under the new agreement.
Given the size of the commitments, the new Airbus agreement is conditional upon Wizz Air shareholder approval, which will be sought at a General Meeting to be held in due course.
Wizz also said on Friday that it has an outstanding commitment to purchase a further 135 aircraft from Airbus, comprising 8 A320ceo aircraft and 17 A321ceo aircraft and 110 A321neo aircraft. All aircraft under the existing CEO order are scheduled for delivery by 2019 and all aircraft under the existing NEO order are due to be delivered by the end of 2024.
Chief executive József Váradi said: "We are pleased to confirm this order with Airbus to purchase a further 146 A320neo Family aircraft. This further order of latest-technology aircraft will help us to continue to drive our operating costs even lower as we aim to become the absolute cost leader in Europe, which in turn will enable us to continue to offer the lowest fares and so stimulate travel by air throughout Europe while our customers enjoy great service on board one of the youngest fleets in Europe. It also provides significant flexibility to match our fleet to our growth requirements.
“The new aircraft will enable us to sustain our cost advantage through cabin innovations, the latest engine technology and other efficiency improvements, while enhancing our customer offering and experience.”